Saturday, October 24, 2020
Tags Chinese cross-border transactions

Tag: Chinese cross-border transactions

Bank of China Report Calls for Shift from SWIFT to CIPS for Cross-border Settlement Due to Concern over US Sanctions

A new report from one of China big state-owned banks has called for a shift towards greater use of the country's own...

Third Party Payments Providers Focus on Micro-retailers, Cross-border Transactions

China's third party payments providers are increasingly focusing upon micro-retailers and cross-border transactions as key growth areas. China is currently host to over 6 million...

China’s Third Party Payments Sector Sees Boom in Cross-border Transactions

China's third party payments sector has seen a surge in the volume of cross-border transactions, with industry observers expecting robust growth going ahead as...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...